SoftBank Group’s shares surged by as much as 6.3% on Wednesday following a report that Elliott Management had rebuilt a substantial stake in the Japanese technology conglomerate and was advocating for significant stock repurchases. Elliott Management is pushing for $15 billion in share buybacks, contending that such a move would elevate SoftBank’s share price and… Continue reading SoftBank shares jump up to 6.3% on report that Elliott Management’s pushing for $15 billion in buybacks

Alphabet, Google’s parent company, has announced that Eli Lilly’s Chief Financial Officer (CFO) Anat Ashkenazi will take over as its new CFO effective July 31. This transition comes nearly a year after Alphabet first revealed that current CFO Ruth Porat would be stepping into a new role as president and chief investment officer. Ashkenazi brings… Continue reading Alphabet taps Eli Lilly’s Anat Ashkenazi as new CFO

Elon Musk has ambitious plans for Tesla to become a leader in artificial intelligence (AI) and robotics, but internal emails from Nvidia show a potential conflict of interest as he prioritizes his new startup xAI. Tesla needs a significant amount of Nvidia’s powerful graphics processing units (GPUs) to build the necessary supercomputer infrastructure for its… Continue reading Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI

TORONTO, June 4, 2024 /PRNewswire/ – DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (CBOE CA: DEFI) (GR: RB9) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi“), is pleased to announce that its subsidiary Valour Inc. (“Valour“), a leading issuer of exchange… Continue reading DeFi Technologies Subsidiary Valour Inc. Expands Collaboration with justTRADE; 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP Now Available for German Savings Plans

On Monday, Spotify announced a price increase for its premium subscription plans in the U.S., marking the second price hike by the Swedish music-streaming company in a year. Over the next month, U.S. users will be notified of the new subscription rates. This announcement positively impacted Spotify’s market performance, with shares rising over 4% on… Continue reading Spotify raises prices of premium subscription plans

VANCOUVER, BC and WILMINGTON, Mass., June 3, 2024 /CNW/ – Liberty Defense Holdings Ltd. (“Liberty” or the “Company“) (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2A), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that it is undertaking a non-brokered private placement of up to 6,666,666 special… Continue reading Liberty Announces $1 Million Special Warrant Offering

At the recent Berkshire Hathaway annual shareholder meeting, Warren Buffett and Ajit Jain, the top insurance executive, highlighted the challenges and uncertainties surrounding cyber insurance. While cyber insurance is currently profitable and increasingly popular, both Buffett and Jain expressed significant caution. Jain pointed out that although the profitability of cyber insurance is “fairly high” with… Continue reading Warren Buffett is worried about potential for ‘huge losses’ in booming, but still tiny insurance market

Shares of Dell Technologies fell by more than 16% on Friday after investors reacted negatively to the company’s lower-than-expected backlog of artificial intelligence (AI) server orders and anticipated margin decline. Despite reporting fiscal first-quarter results on Thursday that exceeded analysts’ expectations, the positive news was overshadowed by concerns about profitability and growth. Dell announced a… Continue reading Shares of Dell fall 16% as AI servers are sold at ‘near-zero margins’

Activist investor Nelson Peltz has divested his entire stake in Disney, amounting to a sale of roughly $1 billion worth of stock at about $120 per share, while the current trading price stands at around $100 per share. This move follows Trian Partners’ loss in a proxy battle at Disney in early April, where shareholders… Continue reading Nelson Peltz sells entire Disney stake weeks after losing proxy battle

Shares of Salesforce plummeted by 20% on Thursday morning, marking its worst trading day since July 4, 2004, when shares dropped 27% shortly after the company’s IPO. This decline followed Salesforce’s fiscal first-quarter earnings report on Wednesday, which fell short of Wall Street’s revenue expectations for the first time since 2006, coupled with underwhelming guidance… Continue reading Salesforce shares tumble 20%, on pace for worst day since 2004

Customers who had funds locked up in Gemini’s now-defunct crypto lending program, Earn, are finally seeing the return of their digital assets. Gemini, owned by tech billionaires Cameron and Tyler Winklevoss, announced that it will return $2.18 billion to users of the Earn program, which had paused withdrawals in November 2022. Gemini notified its customers… Continue reading Crypto exchange Gemini returns $2.2 billion to users after pausing withdrawals 18 months ago

Helen Toner, a former OpenAI board member involved in the controversial firing of CEO Sam Altman in November, has provided detailed insights into the events leading to Altman’s removal. On “The TED AI Show” podcast, Toner revealed that the board was often kept in the dark about significant developments, such as the release of ChatGPT… Continue reading Former OpenAI board member explains why CEO Sam Altman was fired